Learn more about Petroleum Reserves

The U.S. Department of Energy (DOE) today announced that contracts have been awarded for the purchase of crude oil from the Strategic Petroleum Reserve (SPR) following a Notice of Sale announced on June 14, 2022.

Releases Are Part of President Biden’s Comprehensive Plan to Help Protect Americans from Putin’s Price Hike at the Pump

DOE to Initiate Transparent, Competitive Process to Replenish U.S. Emergency Crude Oil Distributed to Alleviate Global Supply Disruptions Caused by Putin’s War

DOE Issues Contract Awards For 30 Million Barrels of Crude Oil, Announces Plan For Third Emergency Sale to Address Continued Market and Supply Disruptions Related to President Putin’s War on Ukraine

International Energy Agency Member Countries Take Unprecedented Action to Address Continued Market and Supply Disruptions Caused by Russia’s Unprovoked Further Invasion of Ukraine

U.S. Department of Energy Announces Second Emergency Notice of Sale of Crude Oil From The Strategic Petroleum Reserve to Address Putin’s Energy Price Hike

DOE's Office of Fossil Energy and Carbon Management announced that contracts have been awarded for all 30 million barrels put up for sale from the Strategic Petroleum Reserve.

Today, the U.S. Department of Energy approved a twelfth exchange of 2.7 million barrels of crude oil for release to ExxonMobil from the Strategic Petroleum Reserve.

Today, DOE's Office of Fossil Energy and Carbon Management announced a Notice of Sale of crude oil from the Strategic Petroleum Reserve.

Today, U.S. Secretary of Energy Jennifer M. Granholm released this statement following an emergency meeting of the International Energy Agency (IEA) member countries in response to Russia’s invasion of Ukraine.